#美联储重启降息步伐 $DOGE 1-Hour Chart Observation: How Far Can the Rebound Go After a Sharp Drop?

After a rapid dip, the price broke directly through the 0.13712 support level. Although there was a slight rebound afterward, it was mainly scattered small bullish and bearish candles grinding at the bottom, without a series of strong bullish candlesticks—this indicates that bullish strength is actually quite weak and looks more like a technical correction after an oversold move.

Currently, it’s consolidating near 0.140, having dropped nearly 5% from the recent high. The price is tugging back and forth around the middle Bollinger Band, and the overall bearish structure hasn’t been broken.

There are two technical signals worth noting:
The J line of the KDJ indicator has already surged into the overbought zone, meaning the short-term rebound momentum is almost exhausted and the pressure for a pullback is building. Although the MACD is about to form a golden cross, the values are still hovering near the zero axis, indicating that bulls and bears are currently evenly matched, with neither side having a clear advantage.

In my opinion, this rebound is likely nearing its end. If it fails to break above the middle band resistance, there’s a high chance it will retest the lower support.

For trading, you can focus on the 0.1388-0.1361 range; if it pulls back to this area, you may consider a small test position, targeting the 0.1419-0.1431 range.

The above is for reference only; specific operations should be combined with real-time market changes.